ESSSuper has appointed its chief financial officer Michael Dundon as its new chief executive succeeding Don Kofoed.
Dundon has been acting in the chief executive role since Kofoed resigned due to ill health in February.
Confirming Dundon’s appointment this week, ESSSuper board president Frank King said the new chief executive had extensive experience in banking, funds management, life insurance and consumer lending.
ASFA has urged greater transparency and fairness in the way superannuation levies are set and spent.
Labor’s re-election has reignited calls to strengthen Australia’s $4.2 trillion super system, with industry bodies urging swift reform amid economic and demographic shifts.
A major super fund has defended its use of private markets in a submission to ASIC, asserting that appropriate governance and information-sharing practices are present in both public and private markets.
A member body representing some prominent wealth managers is concerned super funds’ dominance is sidelining small companies in capital markets.